And On Cue...
12-year old Victoria Grant explains why her homeland, Canada, and most of the world, is in debt. April 27, 2012 at the Public Banking in America Conference, ...
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Most of the money created by central bank stimulus over the past decade was funneled to the wealthiest strata of society, who mostly reinvested it rather than spending it into the economy. As a result inequality levels increased globally. In 1980 the top 1 percent held close to 10 percent of the wealth, by the year 2016 this share had doubled to 20 percent in the United States.
As central banks begin reversing stimulus (quantitative tightening), money is being sucked out of the economy faster than it was injected. Monetary and credit conditions are being tightened simultaneously into a crash. As this crash unfolds, and living standards are meaningfully impacted, we will see upheavals throughout the West make the yellow vest uprising seem quaint. History will remember them as a canary in the coal mine.
This is controlled opposition. The parents of this gal should be embarrassed. Perhaps they are hoping for a Hollywood career for their daughter. Be that as it may, she is distracting attention away from what matters.
She should be asking: If the central bank prints money, why is taxation necessary at all????
One reason why we have a few money lenders and landlords running the whole world, with the rest of us toiling as serfs to pay their monthly dues to them, is because we have no real inkling of how we would live without them.
And the difference is so enormous, that one shies away from speaking of it, for fear of being condemned as a foolish Utopian.
But here are a few characteristics of a Usury free society with a liberated Commons and current technological levels.
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Multiple nations have been subjected to control by central banks. It is not governments that control nations, it's the financial elite and those above them. Governments are simply tools of central banks, one method of controlling the population.
Have we really come to grips with how our society works? Can we see through the illusion of democracy that's presented to us? Can we see that we are literally just giving our money away to the powerful elite?
The website endthefed.org introduces us to the Federal Reserve as follows:
The Federal Reserve, “the Fed”, is the central bank of the United States of America that was created in 1913 by Congress. It is a banking cartel that has a government-granted monopoly on the creation of money and credit. The Fed literally loans “money” (Federal Reserve Notes) into existence. Federal Reserve Notes are paper promises backed by nothing of intrinsic value and they are only functioning as money because the government forces them on the public through legal tender laws. Federal Reserve Notes are referred to as dollars but are not. The definition of a dollar is a weight of silver (371 grains). To put it simply, the Fed is a group of banks running a national counterfeiting operation with the protection of the government.
This characterization, it would seem, has been growing into the public awareness more and more since G. Edward Griffin’s ‘The Creature From Jekyll Island’ became widely known.
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